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Finoptions Management Solutions

ASSIGNMENT - 1
1.

A person had started a recurring deposit account with Union Bank of India. He has an
accumulated balance ofRs.4, 00,000 in his account at the end of 10 years. If the bank has
offered an interest rate of 12% p.a. on the deposit, how much could have been saved
annually by him?

2.

You have invested Rs.3, 000 in the beginning of every year in a deposit paying 12.4% p.a
.How much would you have in your account after 4 years?

3.

Mr. Venkatesh has borrowed Rs.6, 00,000 from a housing finance company. The loan
carries interest at the rate of 12 per cent per annum and has to be repaid in six equated
annual installments, which include both principal and interest. The equated annual
installments will be paid at the end of every year. The amount of each equated annual
installment is approximately

4.

Ms. Remani has taken a car loan for Rs.2, 00,000 to be repaid in 5 equal annual
installments at the end of every Year. If the loan carries an interest rate of 10% p.a.,
calculate the amount of each installment?

5.

If you want to achieve a savings of Rs 60lakh by the time of retirement which is 15 years
away, then what is the annual saving at earning rate of 6% p.a .

6.

Mr Ajay invests Rs.50000 at the end of every year for 10 years .at the rate of 7% per
annum .what is the accumulated value available to him after 7 years.

7.

Mr. A wants Rs. 50000 to grows to Rs. 20,00,000 at the end of 15 yrs .what is the earning
rate

8.

What will the amount invested 20,000 every year for the period of 25 at the rate of
9.75% if
a.
b.

Invested at the beginning of every year


Invested at the end of every year

9.

Nidhi plans to send her son abroad for higher studies after 10 years. She expects the cost
of education after 10 years to be Rs. 10, 00,000. How much she should save every year to
have a sum of Rs. 10, 00,000 at the end of 10 years if the interest rate is 9.75 %.

10.

How much a person should save at the beginning of every year so as to get the amount
of 10000000 after 16 years at if the interest rate is 8.75 %.

11.

You are planning to buy a car after 5 years that is presently available at a price of Rs.2,
50,000. If the price is expected to be Rs 300000 by that time, how much amount should
you deposit at the beginning of every year at a rate of 6 percent per annum in order to
make your plan a success?

12.

Mr. Sanket whose present age is 65 yrs received Rs 2450000 as his retirement amount.
If he expects to live at the age of 80, what amount he can withdraw at beginning of every
year at the rate of 9% so as to maintain his the same life style.

13. What would be the Investment required to be made by Shiva every year for the next 30
years to achieve the target of Rs.22000000 at the rate of 7.75%, provided he already has
an invested corpus of Rs. 2 Lakh today at the rate of 10%.?
14. Anita needs 2,00,000 Rs for consecutive 3 years after 10 yrs for her daughter s
education. What lump sum amount she should deposit today at the rate of 7.75%.
15. A person
Year 3 :
Year5 :
Year 7 :

has
Rs
Rs
Rs

the following liabilities


50000
25000
40000

Finoptions Management Solutions


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Finoptions Management Solutions


How much he needs to invest
off his liabilities.

in an instrument earning at the rate of 11.75 so as to pay

Finoptions Management Solutions


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